Global FX: Payrolls a setback to USD; still constructive on carry post-JPY intervention

This week, our Global FX Strategists assess the impact NFP for the dollar in the wake of last week’s FOMC outcome and JPY intervention. We also expand on the carry trade’s resilience despite yen vol, and conclude with the latest news from the Euro bloc of currencies. 

 

Speakers:

Patrick Locke, Global FX Strategy

Antonin Delair, Global FX Strategy

James Nelligan, Global FX Strategy

 

This podcast was recorded on 07 August 2026.

This communication is provided for information purposes only. Institutional clients can view the related reports at

https://www.jpmm.com/research/content/GPS-5385231-0,

https://www.jpmm.com/research/content/GPS-5391832-0,

https://www.jpmm.com/research/content/GPS-5396957-0,

https://www.jpmm.com/research/content/GPS-5394775-0

for more information; please visit www.jpmm.com/research/disclosures for important disclosures.

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